Us and Them

Price Rationale

Final value is anchored to the two market-facing appraisals clustered at 55-65 ETH, with the comparable-sales appraisal at 32 ETH treated as a downside liquidity check and the 135 ETH cultural-canon appraisal treated as an upside overshoot for this specific evidence packet. Us and Them is a scarce May 2019 SuperRare XCOPY 1/1 with a clean exact-token sale at 3 ETH / $423.09 on 2019-12-16 and a reviewed nearest peer, In The Hole, also at 3 ETH in December 2019. Those 2019 prints are too stale to cap current value, because the supplied XCOPY 1/1 universe shows broad later repricing of early works, but this token has no current ask, no current best bid, no OTC history, no grail flag, and no recent exact-token sale. A 62 ETH midpoint gives weight to early-XCOPY scarcity and post-2019 repricing while applying a meaningful haircut for thin visible demand and non-grail status.

What Caps The Price

The high cultural appraisal is not adopted because the source packet does not identify Us and Them as a grail, flagship, community icon, or market landmark, and it supplies no live bid, ask, OTC mark, or recent exact-token sale to validate a 100+ ETH level. Stronger early XCOPY 1/1 results in the universe have clearer sale evidence or stronger public-standing signals, so they are upside context rather than direct marks.

What Supports The Price

The low comparable-sales appraisal is not adopted because the exact-token and nearest-peer 3 ETH sales are December 2019 prints with very low historical USD value, before the later repricing visible across early XCOPY 1/1s. The work remains a true 2019 SuperRare 1/1 by XCOPY with a reviewed peer relationship and scarce supply, so a fair value near the stale sale would understate current collector demand for early non-grail XCOPY works.